Global CNC Machine Market Size, Share, Forecast Report, 2020-2027

The global CNC Machine market garnered revenue around USD XX Billion in 2019 and projected to reach USD 80 Billion in 2027, with at a compound annual growth rate of 5.1% throughout the estimate period from 2020 to 2027.

Integrating CNC machines with Computer-Aided Manufacturing (CAM) is instrumental in reducing the time required for manufacturing workpieces and enabling hassle-free production of components. The commercial demand for advanced compact size CNC machines with automatic tool changers and multi-axis machining technology is on the rise. Several large manufacturing units are increasingly adopting CNC lathes for cutting, drilling, knurling, deformation, facing, and turning operations.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the CNC Machine market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the CNC Machine market growth.

The global CNC Machine market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The Global CNC Machine Market is fragmented, and many players hold a significant position in the global market. Key industry participants in the global CNC machine market include Amada Co., Ltd. (Japan), Amera Seiki (US), Fanuc Corporation (Japan), Datron AG (Germany), MG Mori (Germany), Dalian Machine Tool Group (DMTG) Corporation (China), Haas Automation, Inc. (US), Okuma Corporation (Japan), Shenyang Machine Tool Co., Ltd. (SMTCL) (China), Hurco Companies, Inc. (US), and Yamazaki Mazak Corporation (Japan).

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

The global CNC machine market has been segmented based on type, end user, and region. Based on type, the global market is divided into lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines, and others. The CNC lathe machines segment dominated the CNC machines market in 2019 and is anticipated to maintain its dominance in the coming years. This can be attributed to the increasing availability of multi-axis machine variants.

Based on end user, the global CNC machine market is segmented into automotive, aerospace & defense, construction equipment, power & energy, industrial, and others. The increasing demand from the automotive, power & energy, and industrial sectors is anticipated to boost the market growth of CNC machines. With the increase in demand for mass production of low-cost workpieces from the automobile manufacturers, the need for consuming minimal time is anticipated to accelerate the demand.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA